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Non-Banking Financial Company

Turn your financial business vision into reality with CorporateDoctors. We simplify the entire NBFC registration and compliance process, ensuring legal accuracy, smooth approvals, and end-to-end professional support.

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    • Build Trust with RBI-Compliant Financial Services

    What is an NBFC?

    NBFC stands for Non-Banking Financial Company.
    It is a financial institution that provides banking-like services (such as loans, credit facilities, investment, asset financing, etc.) but is not a full-fledged bank.

    NBFCs are regulated by the Reserve Bank of India (RBI) under the RBI Act, 1934.

    • Functions of an NBFC
    • Financing small businesses, startups, and individuals
    • Providing microfinance and consumer loans
    • Infrastructure and asset financing
    • Housing finance, vehicle loans, and gold loans
    • Investments in shares, debentures, and securities

    Types of NBFCs in India

    CorporateDoctors helps you register and manage your Non-Banking Financial Company (NBFC)  

    • NBFC-Investment and Credit Company (NBFC-ICC) - General lending & investment.
    • NBFC-MFI (Microfinance Institution) – Provides small loans to low-income groups.
    • NBFC-Factor – Finances businesses by purchasing their receivables (factoring).
    • NBFC-Infrastructure Finance Company (NBFC-IFC) –Focused on infrastructure projects.
    • NBFC-Housing Finance Company (HFC) – Provides housing loans.
    • NBFC-Core Investment Company (CIC) –Holds shares & securities of group companies.
    • NBFC-Peer to Peer Lending Platform (P2P NBFC) –Facilitates online lending between borrowers and investors.
    • NBFC-Account Aggregator – Collects and shares financial information with user consent.

    Process of Registration of NBFC in India

    Step:- 1
    Incorporate a Company
    • First, incorporate a Private Limited Company or Public Limited Company under the Companies Act, 2013.
    • The company’s main object clause (MOA) must include financing, lending, or investment activities.
    Step:- 2
    Ensure Minimum Capital (Net Owned Fund)
    • The company must have a minimum Net Owned Fund (NOF): - ₹10crore (general NBFC).
    • Capital should be in the form of equity share capital (not preference shares).
    • Deposit the capital in a bank account and obtain a Banker’s Certificate confirming the balance.
    Step:- 3
    Prepare Documentation
    • Certified copies of Certificate of Incorporation, MOA & AOA.
    • Board Resolution approving NBFC registration.
    • Detailed business plan (5-year projection).
    • Net worth certificate of directors & company (from a CA).
    • Banker’s Report on the company’s account.
    • Educational & professional qualification proof of directors.
    • Credit history report of directors & shareholders.
    • Organizational structure, loan policy, risk management, and internal audit framework.
    Step:- 4
    Apply Online with RBI
    • Go to the RBI’s COSMOS portal.
    • Fill out the NBFC application form (online).
    • Upload the required documents in digital format.
    • On submission, you will get a Company Application Reference Number (CARN).
    Step:- 5
    Submit Hard Copy to Regional RBI Office
    • Send the physical copy of the application + documents to the RBI’s Regional Office (where the company is registered).
    • RBI will verify the details, check promoters’ background, financial strength, and business plan.
    Step:- 6
    RBI Review & Grant of License

    RBI examines whether:

    • The company meets minimum NOF requirements.
    • Promoters are fit & proper persons.
    • The company has a genuine financial business plan.
    • All documents are complete and compliant.

    If satisfied, RBI grants a Certificate of Registration (CoR) to commence NBFC business.

    Documents Required for NBFC Registration

    • Certificate of Incorporation (CoI) issued by ROC.
    • Memorandum of Association (MOA) & Articles of Association (AOA) (with finance/lending as the main object).
    • Board Resolution for NBFC registration & authorization.
    • PAN Card of the Company.
    • Address proof of Registered Office (Electricity Bill/Property Tax Receipt/Lease Agreement + NOC from owner).
    • Banker’s Certificate of No Lien – confirming the deposit of Net Owned Fund (NOF) of minimum ₹2 Cr (₹5 Cr for some NBFC types).
    • Audited Financial Statements of the company (if applicable, since incorporation).
    • Business Plan / Project Report (5-year projection) – covering loan products, target market, financials, risk management, and organizational structure.
    • PAN Card (mandatory).
    • Identity Proof – Passport / Voter ID / Aadhaar / Driving License.
    • Address Proof – Passport / Voter ID / Aadhaar / Driving License / Utility Bill / Bank Statement.
    • Educational & Professional Qualification Proofs.
    • Detailed Resume / Profile of Directors.
    • Credit Reports (CIBIL/Equifax, etc.) of directors & shareholders.
    • Net Worth Certificate (certified by a Chartered Accountant).
    • Statutory Auditor’s Certificate confirming the company has met the Net Owned Fund (NOF) requirement.
    • Audited Balance Sheet & Profit/Loss Account (if already prepared, in case company is older).
    • Source of Funds Proof (from promoters/investors).
    • Organizational Structure of the company.
    • Policies & Frameworks:
    • Fair Practices Code.
    • Risk Management Policy.
    • Loan Recovery & Asset Classification Policy.
    • Internal Audit & Compliance Policy.
    • Directors’ Declarations & Affidavits (fit & proper criteria, not convicted, not declared bankrupt, etc.).
    • Details of Related/Group Companies (if any, especially other NBFCs).
    • Details of Shareholding Pattern.
    • KYC Details of Shareholders holding more than 10% equity.
    • Organizational Chart showing reporting hierarchy.

    Quick Checklist

    In short, you’ll need:

    • Certificate of Incorporation
    • MOA & AOA with finance object
    • Board Resolution for NBFC registration
    • Banker’s Certificate for NOF (₹2 Cr / ₹5 Cr)
    • Business Plan (5-year projection)
    • Directors’ KYC (PAN, ID, Address, Education, Credit Report)
    • Net Worth Certificate (CA certified)
    • Auditor’s Certificate on NOF compliance
    • Policies: Risk, Fair Practice, Audit, Loan Recovery
    • Affidavits & Declarations by Directors
    • Group company details (if applicable)

    Why Corporate Doctor?

    10 + Years Experience

    500+ Successful Company Registrations

    Expert CA, CS & Legal Advisors

    Corporate Doctors

    we act as your compliance partner, not just a service provider. We ensure your business remains legally sound, financially organized, and ready for growth — every single day.

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